David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 96 (2):265 - 283 (2010)
Assumed benefits from improved reputation are often used as motives to drive corporate social responsibility (CSR) initiatives. Are improved cost efficiencies among these reputation benefits? Cost efficiencies and cost management have become more relevant as revenue streams dry up in these tough economic times. Can a good reputation aid these efforts to develop cost efficiencies specifically when managing labor costs? Prior research hypothesizes that good reputation can create labor productivity and efficiency benefits. The purpose of this study is to empirically investigate reputation's relationship with labor efficiency, labor productivity, and labor cost. Using a sample of highly reputable firms from Fortune's America's Most Admired Companies list and a corresponding matched sample of firms, we find that reputation is associated with improved labor efficiency and labor productivity. However, we do not find a significant association between reputation and reduced labor costs. Our study contributes to current research hypothesizing and finding efficiency benefits associated with good reputation. Documenting these potential reputation benefits has important implications for CSR activities and initiatives. It supports recent work that incorporates reputation into a more developed model of the relationship between CSR and performance (Vilanova et al.: 2009, Journal of Business Ethics 87, 57-69). This work is useful to businesses and supports strategies focused on "doing well by doing good" and maintaining healthy reputations
|Keywords||corporate social responsibility (CSR) corporate reputation labor efficiency labor productivity labor cost|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
Pieter Van Beurden & Tobias Gössling (2008). The Worth of Values: A Literature Review on the Relation Between Corporate Social and Financial Performance. Journal of Business Ethics 82 (2):407 - 424.
Frank G. A. De Bakker, Peter Groenewegen & Frank Den Hond (2005). A Bibliometric Analysis of 30 Years of Research and Theory on Corporate Social Responsibility and Corporate Social Performance. Business and Society 44 (3):283-317.
Tobias Gössling & Chris Vocht (2007). Social Role Conceptions and CSR Policy Success. Journal of Business Ethics 74 (4):363 - 372.
Brenda E. Joyner & Dinah Payne (2002). Evolution and Implementation: A Study of Values, Business Ethics and Corporate Social Responsibility. [REVIEW] Journal of Business Ethics 41 (4):297 - 311.
Peter Pruzan (2001). The Question of Organizational Consciousness: Can Organizations Have Values, Virtues and Visions? [REVIEW] Journal of Business Ethics 29 (3):271 - 284.
Citations of this work BETA
Aditya Jain, Stavroula Leka & Gerard Zwetsloot (2011). Corporate Social Responsibility and Psychosocial Risk Management in Europe. Journal of Business Ethics 101 (4):619-633.
Pablo Esteban Sánchez & Sonia Benito-Hernández (forthcoming). CSR Policies: Effects on Labour Productivity in Spanish Micro and Small Manufacturing Companies. Journal of Business Ethics.
Kent Walker & Bruno Dyck (2014). The Primary Importance of Corporate Social Responsibility and Ethicality in Corporate Reputation: An Empirical Study. Business and Society Review 119 (1):147-174.
Similar books and articles
Lutz Preuss (2008). Labor Unions and CSR. Proceedings of the International Association for Business and Society 19:229-235.
Stephen Bear, Noushi Rahman & Corinne Post (2010). The Impact of Board Diversity and Gender Composition on Corporate Social Responsibility and Firm Reputation. Journal of Business Ethics 97 (2):207 - 221.
John F. Mahon & Barry M. Mitnick (2005). Reputation Shifting. Proceedings of the International Association for Business and Society 16:267-272.
Ker-Tah Hsu (2012). The Advertising Effects of Corporate Social Responsibility on Corporate Reputation and Brand Equity: Evidence From the Life Insurance Industry in Taiwan. [REVIEW] Journal of Business Ethics 109 (2):189-201.
Judy Larkin (2003). Strategic Reputation Risk Management. Palgrave Macmillan.
Manuel Castelo Branco & Lúcia Lima Rodrigues (2006). Corporate Social Responsibility and Resource-Based Perspectives. Journal of Business Ethics 69 (2):111 - 132.
Sue Annis Hammond & John W. Slocum (1996). The Impact of Prior Firm Financial Performance on Subsequent Corporate Reputation. Journal of Business Ethics 15 (2):159 - 165.
Yuan-Shuh Lii & Monle Lee (2012). Doing Right Leads to Doing Well: When the Type of CSR and Reputation Interact to Affect Consumer Evaluations of the Firm. [REVIEW] Journal of Business Ethics 105 (1):69-81.
Marjo Elisa Siltaoja (2006). Value Priorities as Combining Core Factors Between CSR and Reputation – a Qualitative Study. Journal of Business Ethics 68 (1):91 - 111.
Added to index2010-03-20
Total downloads25 ( #81,008 of 1,679,365 )
Recent downloads (6 months)1 ( #183,761 of 1,679,365 )
How can I increase my downloads?